Question 1

All of the following are elements of money laundering EXCEPT ______.

Accepted Answer

An agreement between two or more people is not an element of money laundering by itself. Money laundering involves the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be legally obtained. This typically involves three steps: placement, layering, and integration, none of which inherently require an agreement between two or more people.

Question 2

Timothy is pulled over for speeding by a police officer on his drive home from work. He is running behind and knows his wife will be angry because he is late so he wants the process to go as quickly as possible. He offers the officer $100 dollars to just let him go without a ticket. The officer does not take it and continues to write the ticket. May Timothy be guilty of bribery?

Accepted Answer

Bribery does not require mutual agreement or the act to be completed. Offering something of value to influence the actions of an official in their duties, like attempting to avoid a ticket, can constitute bribery.

Question 3

John owned a construction company that frequently bid on state contracts. He agreed with other construction company owners to rig the bidding process to ensure that each company would receive state contracts. The firm designated among the group to receive the bid would submit an inflated price and the others would submit even higher bids to ensure the first company would receive the contract. This led to unreasonably high costs for government projects. What may allow for the prosecution of this behavior?

Accepted Answer

The Sherman Antitrust Act of 1890 is designed to prevent anticompetitive practices, such as bid rigging, which is exactly what John and the other construction company owners were engaging in by manipulating the bidding process to ensure each company would receive state contracts at inflated prices.

Question 4

What is generally the mens rea for white-collar crimes?

Accepted Answer

The mens rea for white-collar crimes is generally knowingly, which means that the person must have known that their conduct was illegal.

Question 5

A conviction for mail fraud requires the prosecution to demonstrate which of the following?

Accepted Answer

To secure a conviction for mail fraud, the prosecution must prove all of the following elements: the existence of a scheme to defraud, the use of false pretenses, the intent to deprive another of money or property, the reliance on the fraudulent scheme by the victim, and the use of the mail to further the scheme.

Question 6

All of the following are prosecuted under the Travel Act EXCEPT ______.

Accepted Answer

The Travel Act primarily targets unlawful activities that involve interstate or foreign travel or use of interstate facilities to further illegal business enterprises, such as prostitution, money laundering, and illegal shipment of alcohol. Burglary, being a local state crime that does not necessarily involve interstate activities, is not typically prosecuted under the Travel Act.

Question 7

All of the following are punishments associated with health care fraud EXCEPT ______.

Accepted Answer

Health care fraud punishments can include fines, imprisonment up to 10 years, up to 20 years if serious injury is caused, and life in prison if death is caused. However, death as a punishment for health care fraud, even in states that authorize capital punishment, is not a recognized penalty for this type of crime.

Question 8

Which of the following was not one of the most dangerous industry sectors in 2015?

Accepted Answer

In 2015, the most dangerous industry sectors typically included fishing, transportation, and forestry due to the high risk of fatal injuries and accidents associated with these fields. Public safety, while involving inherent risks, was not categorized among the top most dangerous sectors in terms of statistical data on fatalities and injuries for that year.

Question 9

______ prohibits the contamination of the public water system.

Accepted Answer

The Safe Drinking Water Act (SDWA) is the primary federal law in the United States that ensures the quality of Americans' drinking water. Under SDWA, the Environmental Protection Agency (EPA) sets standards for drinking water quality and oversees the states, localities, and water suppliers who implement those standards.

Question 10

OSHA primarily relies on which of the following to ensure compliance?

Accepted Answer

OSHA primarily uses financial penalties and the civil process to ensure compliance with its regulations. This approach allows for the imposition of fines and the use of civil litigation to enforce safety standards and regulations.

Question 11

______ is defined as asking, accepting, receiving, or offering money or an item of value or compensation or a reward for an official decision.

Accepted Answer

The answer of ______ is defined as asking, accepting, receiving,...

Question 12

Craig works at a hospital that follows proper procedure for the storing and disposal of hazardous waste. He believes he accidently lost his wedding band in one of the containers in which the waste is stored. He needs to go through the containers but knows he would not be permitted to do so on the hospital premises. He asks two friends to help him transport the containers to his home. He rents a uhaul and they fill the truck and drive away. Under which environmental law may he be prosecuted?

Accepted Answer

The Resource Conservation and Recovery Act (RCRA) governs the disposal of hazardous waste, including how it is stored, treated, and disposed of. Craig's actions of transporting hazardous waste containers from the hospital to his home without proper procedures or authorization could violate RCRA regulations.

Question 13

Which case ruled "there can be no justification for permitting officers and directors to retain profits which they derived solely from exploiting information gained by virtue of their inside position as corporate officials"?

Accepted Answer

Diamond v. Oreamuno is the case that ruled officers and directors cannot retain profits derived solely from exploiting information gained by virtue of their inside position, emphasizing the fiduciary duty these individuals owe to their shareholders.

Question 14

The ______ requires the heads of corporations to certify that their firms' financial reports are accurate.

Accepted Answer

The Sarbanes-Oxley Act requires corporate executives to certify the accuracy of their company's financial statements, aiming to increase transparency and accountability in corporate governance.

Question 15

Those convicted of white-collar crime are sentenced how?

Accepted Answer

The answer of Those convicted of white-collar crime are sentenced...

Question 16

Shane is part of a political action committee working to get his candidate elected to public office. He designs a mailer that will be sent via UPS nationwide in order to advise the public of the shortcomings of the opponent. The flyer is designed to look as though it came from the opponents campaign, as if the campaign staff had turned on the candidate. Can Shane be convicted of mail fraud?

Accepted Answer

The answer of Shane is part of a political action...

Question 17

White-collar crimes are committed to obtain all but which of the following?

Accepted Answer

White-collar crimes typically involve financial gain or advantage, such as obtaining money, property, or services, rather than achieving an official position, which is more related to corruption or political crimes.

Question 18

Taylor has 100 shares of a new corporation. Because the business is still in its infancy, stock can be purchased relatively inexpensively. He wants to make a profit without sticking around for the long haul. He begins spreading rumors that the corporation will soon be purchased by Apple, which is in no way true. The stock soars and he quickly sells his stock, making a tremendous profit. Taylor's actions are an example of what?

Accepted Answer

Taylor's actions are an example of a "pump and dump" scheme, where false information is spread to inflate the stock price, allowing the individual to sell their shares at a higher price and make a profit.

Question 19

A conviction under the Sherman Antitrust Act requires which of the following?

Accepted Answer

The answer of A conviction under the Sherman Antitrust Act...

Question 20

Josh owns a cash only barbershop. He is very successful and makes thousands of dollars in cash every day. He uses his barbershop as a front for his drug dealing business. He reports that he earns just 45,000 per year when its well over 200,000. He definitely lives as though he makes 200,000. He paid for his luxury home in cash and has a small fleet of classic and sports cars. This disparity between lifestyle and income may attract the intention of whom?

Accepted Answer

The IRS (Internal Revenue Service) is responsible for collecting taxes and enforcing tax laws in the United States. A significant discrepancy between reported income and lifestyle, especially involving large amounts of cash, could indicate tax evasion or other financial irregularities, which would interest the IRS.

Quiz 14: White-Collar Crime